Stats presented by different reviewers seem to differ insanely...I don''t particularly like the business they are into...but still.... Is anybody on here applying? ...U.H.U.U? What about you mate?
58.1. DownriteVJ| Link| Bookmark|
December 15, 2017 11:34:22 AM
IPO Guru (1400+ Posts, 1200+ Likes)
Gujarat doubt is cleared, but I am not going for it. If you are looking for listing gains then it may not disappointed you. Listing gain could be around 10 to 20 %.
My findings:::: 1. Jaspal Bindra (JBCG Advisory services private limited) have purchased 77K shares @ Rs 65 in the month of November 2017. Company is offering shares @ 65-67 so he is invested at the same prices the share are offered. Bindra is a former Asia Chief of Standard Chartered Bank. 2. Industry outlook: Hyper automation and AI product development companies are disrupting markets while IT provider and BPM providers are being disrupted. Cost saving through AI and Automation is in the roadmap of Banking, Insurance, Auto companies and have specific KPIs to track it. Leading private banks are able to reduce manpower without impacting the sales and customer experience. Hyper Automation and AI has already impacted substantial chunk of revenue of IT and BPM companies. IT companies are managing it by being automation implementers however BPM being the lowest in chain is impacted severely. L1 work of voice support service is evaporating at faster rate. Contract renewal for L1 support is being negotiated at 30-60% lower. Even if company manages to secure work, it is difficult to scale as growth requires trained manpower and industry iteration is very high. Valuation Peer valuation – Considering that established BPM player Hinduja solution is trading at 9.96 and midsized IT company trading at 18.30 PE, valuation of One Point solution looks stretched.
DISCLOSURE:: I HAVE COPY-PASTED ABOVE 2 POINTS FROM OTHER SITE, TO HELP FORUM FRIENDS.
HSBC seems to have some setting with Pantomath. They applied in Worth and which made price go up from 75-100 in a month or so time. This time also, it seems to attract retail investors In this fully priced issue.
As Umang mentioned, I would have also applied if this would have come after Gujarat election results. It''s risky at the moment. It may open 5% or so positive but less chances of UC etc... Chances of INNOVATIVE type listing is more because that too was a fully priced issue and there is no demand post listing for such issues.
At the end, it''s your money so invest according to your risk taking capabilities.